Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 311: The most effective nut limited medium of advertising in Nigeria is? Options:
  A) billboard
  B) television
  C) newspaper
  D) radio
  Show Answer
  The correct answer is A .
• Question 312:

  Current account holders withdraw money through

  Options:
  A) Credit card
  B) Cheque
  C) Transfer
  D) Withdrawal form
  Show Answer
  The correct answer is B .
• Question 313: The major dealers on the stock market are the? Options:
  A) agents
  B) jobbers
  C) investors
  D) brokers
  Show Answer
  The correct answer is D .
• Question 314: Sudden technology changes can have the effect of making Options:
  A) a company's management style ineffective
  B) a company's product obsolete
  C) the control menchanism difficult to implement
  D) the motivational factors in the company difficult to monitor
  Show Answer
  The correct answer is B .
• Question 315:

  One advantage of small scale retail outlets is

  Options:
  A) availability of self service facilities
  B) ability to buy in bulk
  C) easy acess to large amount of capital
  D) personal attention to customers
  Show Answer
  The correct answer is D .
• Question 316: The activities aimed at finding out customers' needs and satisfaction can be described as? Options:
  A) social-marketing
  B) macro-marketing
  C) micro-marketing
  D) conceptual marketing
  Show Answer
  The correct answer is D .
• Question 317:

  One of the functions of the Nigeria Ports Authority is the provision of

  Options:
  A) carrier services to ensure speedy delivery
  B) facilities to enhance the speedy loading and offloading of cargoes
  C) facilities to ensure that goods get to the destinations
  D) shelter for operators of cargoes
  Show Answer
  The correct answer is B .
• Question 318:

  The main advantage of a sole trader is the freedom to?

  Options:
  A) employ anyone he likes
  B) take quick decision
  C) seek advise from any source
  D) plough all the profits
  Show Answer
  The correct answer is B .
• Question 319:

  Given:
  ₦
  Sales 15,000
  Opening stock 5,600
  Purchases 9,700
  Closing stock 4,400
  Gross profit 4,500
  Net profit 2,000

  From the above data, calculate the rate of turnover

  Options:
  A) 2.00 times
  B) 3.50 times
  C) 2.18 times
  D) 3.00 times
  Show Answer
  The correct answer is C .
• Question 320: When an organization studies a market that is undeserved by others and creates a product or service for the segment, it is engaged in? Options:
  A) market inegration
  B) market positioning
  C) market orchestration
  D) product differentiation
  Show Answer
  The correct answer is D .